Modular UPS provides flexible and redundant power protection because the modular approach allows the UPS power to be dynamically adapted to power needs. Individual modules can be hot-swapped, and connected modules are detected automatically. While the system is functioning, it can be upgraded in only a few minutes. The load distribution is automated among all system modules, allowing for modular (n+x) redundancy that may also be used for load increase, where ""n"" signifies the filled space with the battery and ""x"" denotes the remaining space. The above-mentioned facts and benefits are the primary drivers of the modular UPS market's expansion.
MARKET DYNAMICS
Digitalization has affected businesses in every industry. As a result, electronic devices are being used to collect and retrieve data for business activities. This enhances the need for a consistent and reliable power source. Enterprises can't perform business procedures if they don't have access to electricity. There must be an assured and stable power supply in the event of a power outage or loss of primary power supply. When the main power goes out, the UPS maintains continuity and reliability, allowing ongoing work to be saved and hardware to be safeguarded. Although UPS systems are in high demand in the IT industry, many industrial processes have recently embraced microprocessors and PC-based systems that are vulnerable to power outages.
MARKET SCOPE
The "Global Modular UPS System Market Analysis to 2028" is a specialized and in-depth study of the modular UPS system market with a special focus on the global market trend analysis. The report aims to provide an overview of the modular UPS system market with detailed market segmentation by organization size, capacity size, end user and geography. The global modular UPS system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading modular UPS system market players and offers key trends and opportunities in the modular UPS system market.
MARKET SEGMENTATION
The global modular UPS system market is segmented based on organization size, capacity size and end user. Based on organization size, modular UPS system market is segmented into large enterprise and small and medium enterprise. Based on capacity, modular UPS system market is segmented into less than 100 KVA, 101 KVA AND 500 KVA and more than 500 KVA. Based on end user, modular UPS system market is segmented into BFSI, cloud service and colocation providers, telecom, healthcare, energy and utilities and others.
IMPACT OF COVID-19 ON MODULAR UPS SYSTEM MARKET
The pandemic has had a detrimental influence on enterprise demand for modular UPS gear in 2020. The pandemic is most likely to have a negative impact on the energy, retail, and government sectors. Due to a lack of staff and the fact that the bulk of the world's population is remaining at home due to rigorous laws and containment measures during the pandemic, production plants have shut down or are operating at lesser capacity, limiting output. The supply chain and logistics have been impacted as a result of this. Due to rising demand for their services and data centre installations, the need for modular UPS hardware for cloud and colocation is predicted to rise between 2020 and 2021. This would open doors for modular UPS manufacturers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Modular UPS System Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Modular UPS System Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Modular UPS System Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the modular UPS system market in these regions.
MARKET PLAYERS
The reports cover key developments in the modular UPS system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from modular UPS system market are anticipated to lucrative growth opportunities in the future with the rising demand for modular UPS system market. Below mentioned is the list of few companies engaged in the modular UPS system market.
The report also includes the profiles of key modular UPS system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
-ABB Ltd.
-AEG Power Solutions
-Eaton Corporation
-Emerson Electric Co.
-Schneider Electric
-Huawei
-Delta Electronics
-Gamatronic
-Tripp-Lite
-Toshiba International Corporation